Mr Russell, the co-founder of Equis an offshore private equity group, has slapped a caveat on Shane Warne's Melbourne mansion in a deal worth close to $20m and is believed to be readying to fork out a further $22m for a Noosa beachfront home in what is a record price for the Queensland holiday region. Equis CEO David Russell is a key player in the Asia Pacific region's renewable energy game David Russell is the founder and CEO of Equis, a company that evolved from its roots as a funds management business to an infrastructure asset development company, Equis Development, in 2019. They had reason to celebrate. But there are a number of governments that came up with programmes to encourage investments in renewable energy. Mahesh has over 14 years experience in infrastructure and real estate funds management across Asia. The Tailem Bend Solar Project will be one of the lowest cost solar projects in Australia. David graduated from their alma mater, Monash University and is currently based in Singapore, Central Singapore. Its interesting how that has come full circle. MELPOMENE: Skadden has a terrific reputation, how was it like working there? Additionally, he has held various senior roles with companies such as WePower, AbsoluteClimo, European Energy Exchange, ASX Energy and Deutsche Bank. That is unheard of in other places but that was the Skadden mindsetthey were tough and uncompromising. . MELPOMENE: Have you ever been forced to rethink your life? Snowy Hydro has agreed to purchase 100% of the power produced from the Tailem Bend Solar Project for at least 22 years. Everything comes back to the numbers. Will Others Follow? David is Chairman of the Che Sara Sara Foundation, a not-for-profit that supports vulnerable parents and children in crisis in Russia, Uzbekistan and the Philippines. Russell also chairs Equis Foundation and CSS Foundation, and plans to open a Russian community centre to support disabled and foster children and their parents. While were driving for business success, we formally make a point to give back to the community. This website uses cookies to improve your experience. ", Emma Alberici has landed a new gig, and, as promised, it's not on TV.Credit:ABC. Were sorry, this feature is currently unavailable. Brighton Grammar old boy David Russell, the billionaire founder of the Singapore-based Equis private equity group, along with wife Elena, bought the mansion for about $20 million in an off-market deal in 2018. You connect it to the building, charge it up, and take it home to generate electricity for your house. One of my early mentors said, David, if theres one thing I can teach you about doing business is that whatever you do, you must always act lawfully. And that has always stuck with me. MELPOMENE: How has it been different at Equis? "Australia represents one of the most exciting solar power generation markets globally and Equis expects to build over $1 billion of new projects over the next 24-36 months," director David Russell said in the press release. Shane Warne sold the Brighton mansion for about $20m in 2018. MELPOMENE: You are headquartered in Singapore but your operations are in other parts of Asia? Copyright 2023 Equis Development Pte. Not the David Russell you were looking for? David Russell is buying the real estate dream | The Australian Cardinal George Pell has kept an ultra-low profile since walking out of Victorias Barwon Prison on April 7 following a High Court decision to overturn his conviction on charges of historical sex abuse. DAVID: Even though Im the CEO, the decision-making is a collective process. When I left my previous employer, I didnt realize how risky it actually was. Photo: Domain. It could become micro power grid systems where power is generated and distributed locally. In the Netherlands, theyve started using solar panels on their bike paths, so in the future you might not need large scale solar panels. MELPOMENE: Why did you decide to target Asian markets? Were working to restore it. Greater Newcastle Area. David Russell - Head of Private Equity Asia and Greater China 2023 Tatler Asia Limited. Theres a lot of information coming at you and you need to have the ability to identify the issue thats embedded in that information. DAVID: If youre intelligent, adaptable, and willing to work hard, you can be very successful without a legal or finance background. MELPOMENE: Whats one thing off the top of your head? Where does the fallout from the Adani crisis take India now? Called the Lady E, it's available to charter for a cool $767,840 a week. Consequat id porta nibh. In Asia, power has always been the number one sector to invest in, not renewable energy. The information on this website is intended to be of a general nature only and doesn't consider your objectives, financial situation or needs. In MinterEllison, you tend to work more with the general counsel but at Skadden, youre working directly with the CEO and CFOs. Youre always very careful when you speak to people and you disagree politely, rarely do people ever thump the table and storm out like they do in movies. Modest Rally in Asian Equities Expected as Regional Economies Remain Supportive and Valuations Reasonable, Dubai-Based Real Estate Developer Omniyat Launches Ultra-Luxury Beachfront Residences, Singapore Buyers Show Strong Interest in Mixed-Use Development in Londons Vauxhall, This Residential Tower in Dubai Features Interiors by Pagani, What to Expect at the Newly Reopened I12 Katong Retail Mall, Are You a HNWI? And thats very important because we now have 84 projects totaling close to 8 billion dollars. David Russell, Equis Funds Group CEO, said, "This year Equis expanded our renewable energy investments in both India and Japan, and added two major projects in the Philippines. Both plants will also be designed as battery-storage ready further enhancing their long term attractiveness as stable, low cost sources of power, added Mr Russell. MELPOMENE: Did your legal and finance background help you in this field? MELPOMENE: How do you envision the use of renewables in ten years time? Russell received his M.F.A. Its interesting you asked because Im moving house now and while packing I came across my bucket list that I wrote with one of my daughters. David Russell | Sad Business School Did you feel restricted by that? Hlne Darroze in Conversation With Violet Oon, DPR Construction Used Technology for the Construction of Curtin Singapore Without Physical Meet-Ups, How to Work With Family, and Still Like Each Other, Making Sense of Interest Rates Is Common Sense, Singapore Bond Markets: Sit Back, Lie Flat, Bond Market Thoughts: Sitting Around Waiting to Catch Covid, Union Bank of the Philippines to Issue First Social Bond, Inflation Rule of Thumb Means You Should Not Buy Bonds. And you find that project developers tend to be more risk seeking, so its better to have someone whos more risk averse to balance their decision-making. David Russell - Brighton Grammar: Leading Private School | Boys' School When I stepped out on my own, the thing that surprised me the most was that a lot of my relationships were premised on the basis that I was quite senior at Macquarie. Conversations with David Russell | High Net Worth Youre right at the table with them as a trusted advisor. Thomas has over 20 years experience working in a range of business development and energy trading roles. We have the saying: You eat what you kill. David Charles Russell - Equis Pte. Ltd. - privatefunddata.com David Russell Investments, Australia & New Zealand Equis since 2010 Over 28 years of Asia-Pacific infrastructure investment and advisory experience, having raised and invested over US$5bn of equity for Asian private equity Copyright 2023 Brighton Grammar School. He is the current Head of Legal for Equis in Australia and is responsible for all legal matters internally and associated with projects. DAVID: Ive watched a couple and I always cringe [laughs]. David Russell Helping Scaling SaaS and Renewables companies find the best talent Ireland. Brighton Grammar old boy David Russell, the billionaire founder of the Singapore-based Equis private equity group, along with wife Elena, bought the mansion for about $20 million in an off-market deal in 2018. David Russell - Oakland, California, United States - LinkedIn David Russell, Equis Group CEO, commented, As Asias largest renewable energy developer and investor, the Tailem Bend Solar Project represents an exciting expansion into Australia for Equis and an unique opportunity to leverage our development and construction expertise to deliver low cost, large scale, reliable renewable energy for Australian consumers., Mr Russell noted, By developing the Tailem Bend Solar Project and Snowy Hydro diesel projects together, the combined system will have the capability of providing stable power any time of the day across the entire year. Alberici vowed she would never front a TV show again after exiting the ABC. Emma Alberici has landed a new gig, and, as promised, it's not on TV. The end point comes when Anton is in hospital overnight and another woman turns up by his bedside "with eyes only for Anton". CRICOS Provider Code: 00132K. But what has changed is the level of desperation applied to the business when its your own. Founder and leader David Russell got a yellow Lamborghini; his brother Tim, a personalized orange Porsche. At Equis, our team is driven by the opportunity to sustainably transform Australias energy landscape together and leave a positive legacy for future generations. Once I became nobody, a lot of those people actually went silenta number of them obviously felt that while our relationship was important, it was based on our work together. We were partly fortunate because the investor market had not focused on renewable energy the way it should have, and that gave us a 6-year head start. Roby has over 10 years experience of renewable energy transactions across Asia, completing over AUD$ 675m in deals. But the reality is that our investments have never been touched by any of these political instabilities and I think thats a credit to the regulatory regimes. Find out more. MELPOMENE: Do you ever watch popular films that depict the financial industry? The leafy streets of Brighton are mostly quiet, except at one of the suburbs most famous residences, Melville, the six-bedroom, six-bathroom single-level Middle Crescent mansion. We think in 5 years, it will revolutionise utility-scale power and in 10 years, it may completely revolutionise power. Singapore, 27 March, 2017 In 2015, Equis, Asias largest independent renewable energy investor, commissioned nine (9) solar, wind and hydro projects in India, Japan and the Philippines, with a total generation capacity of 407.4 MW. Vignesh has over 7 years experience in infrastructure investment and development across Asia. Several months earlier a consortium led by Global Infrastructure Partners (GIP), with partners including the China Investment Corporation sovereign wealth fund, had agreed to buy the renewable energy asset portfolio of Equis, a Singapore-headquartered independent infrastructure asset manager, for $5 billion. Its a matter of how theyll be utilised. This is firstly because Ive observed that as people become more autocratic, their decision-making becomes skewed and over time, they start to make costly mistakes, and very quickly theyre gone. All rights reserved. Share Your Design Ideas, New JerseysMurphy Defends $10 Billion Rainy Day Fund as States Economy Slows, This Week in Crypto: Ukraine War, Marathon Digital, FTX, CEO/Partner/Co-Founder, Equis Funds Group. In the battery sector, the prices are falling but their performance is improving. You see people in boardrooms using some of the terms that we do use in the industry, but the portrayal is largely inaccurate. BILLIONAIRE MAKING WAVES OFF BRIGHTON - PressReader That deal was a second innings for the spin bowler. We care about delivering the best outcomes for our stakeholders and our collective experience allows us to develop high quality projects. We are committed and responsive to the communities we serve. Entrepreneur, Private Equity Professional, Brighton Grammar School Fees and payments, Senior Managing Director, Head of Asian Private Equity and Head of Greater China, Macquarie, Founding partner of Equis Energy and Equis Funds Group. MELPOMENE: They went silent because you left Macquarie? David Russell Regional Sales Manager NSW/ACT at Dialight APAC - World Leader In Hazardous and Industrial LED Lighting solutions . As Asias largest independent renewable energy IPP, Equis is wellplaced to continue our rapid growth in the worlds fastestgrowing renewable energy market., Daniel LeeGroup Head, Corporate CommunicationsDaniel.lee@venaenergy.com, Juwon ChaeGroup Head, Sustainability and Investor RelationsIR@venaenergy.com. In Equis, all the senior people feel like theyre involved in the decision-making process and in terms of remuneration, its a meritocracy here. Those inside the restaurant overheard the dinner was held to mark his release from jail. As CEO, David has raised and invested seven infrastructure private equity funds comprising over US$5 billion of equity for some of Asia-Pacifics largest independent and institutional infrastructure funds. David Russell Archives - Saving with Solar When we set up Equis, we told ourselves that were actually building stuff for once, everything weve doneweve actually built ourselves and without us, it will all just be flat land. Ed is a PhD-qualified grid connection expert with over 25 years of experience in renewable energy generation, transmission and distribution. Ronni Kahn, founder of the OzHarvest Charity, has a memoir coming out, titled A Repurposed Life. I dont think solar and wind per se will be obsolete, theyll always be utilised because theyre efficient and environment friendly. He has held senior roles in energy infrastructure asset owners, developers, and consultancy firms engaged with renewable energy across wind, solar and storage in Australia, Europe, Central America and SE Asia.